Journey Energy Inc. Announces Renewal of Its Normal Course Issuer Bid

Core Points - Journey Energy Inc. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid to purchase up to 3,400,000 common shares, which is approximately 7.5% of the public float as of August 15, 2025 [1] - The bid period will commence on August 26, 2025, and will terminate on August 25, 2026, or earlier if the company completes its purchases [1] - All common shares purchased under the bid will be cancelled, and the actual number of shares purchased will depend on future market conditions [1] Company Overview - Journey Energy Inc. is a Canadian exploration and production company focused on conventional, oil-weighted operations in western Canada [5] - The company aims to optimize its legacy oil pools on existing lands through best practices in horizontal drilling and water floods where feasible [5] Current Bid Status - The current bid will expire on August 25, 2025, and under this bid, Journey was approved to purchase 4,666,445 common shares, but no purchases were made under the existing bid [3]